Number 9! Ninth altcoin thread. Back to the moon Baby! - page 52.

philipma1957

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'The right to privacy matters'

Quote from: adaseb on February 16, 2021, 12:48:51 AM

$1.89B was liquidated however the total open interest is something like $17B in total for all the future exchanges. I don't know if you guys ever traded on Bitmex but I remember that a few times in 2018 and 2019 the open interest peaked at $1B and that was as high as it would go and when OI was at $1B usually there was a massive crash shortly after.

Bitmex was the largest, so if you add the other small exchanges the total OI was maybe $1.25B, or $1.50B. I think OKEx was 2nd place in terms of futures volume back then. And that was pretty much it. Now you got a dozen or so exchanges and OI is nearing $20B. There is an insane amount of money in crypto now compared to just a year ago. One year ago OI was like $3.5B.

Compare Aug 2020 when BTC peaked at $12.5K, OI was $5B or so. There was a nasty crash all the way to $10K, and OI dropped by $2B or so. Now at almost $20B, if the flood gates open, how will these positions find an exit? It could get lucky.

Yeah that is why I am mostly just mining. I do not need to trade so I am not trading.

adaseb

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$1.89B was liquidated however the total open interest is something like $17B in total for all the future exchanges. I don't know if you guys ever traded on Bitmex but I remember that a few times in 2018 and 2019 the open interest peaked at $1B and that was as high as it would go and when OI was at $1B usually there was a massive crash shortly after.

Bitmex was the largest, so if you add the other small exchanges the total OI was maybe $1.25B, or $1.50B. I think OKEx was 2nd place in terms of futures volume back then. And that was pretty much it. Now you got a dozen or so exchanges and OI is nearing $20B. There is an insane amount of money in crypto now compared to just a year ago. One year ago OI was like $3.5B.

Compare Aug 2020 when BTC peaked at $12.5K, OI was $5B or so. There was a nasty crash all the way to $10K, and OI dropped by $2B or so. Now at almost $20B, if the flood gates open, how will these positions find an exit? It could get lucky.

arielbit

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Activity: 3444

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Quote from: btcshiner on February 15, 2021, 10:40:12 PM

BTC and ETH have recovered pretty nicely. That was a nice flash crash.

back in the days when crypto is trading spot only, it is easier to lose money in casinos than crypto.

now with leverage it is easier to lose money in crypto than casinos.

notice that casinos are properly/strategically placed inside buildings where you can easily see them-from restaurants, hotels and cards with membership etc. etc. even after you left the area in a far away road you see their huge lights tapping to your gambling gene LOL, i can swear they know the science and using it for their advantage. same thing with crypto now.

btcshiner

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Quote from: arielbit on February 15, 2021, 10:21:23 PM

Quote from: arielbit on February 14, 2021, 10:20:18 PM

---snip---

then there are wicks that will finish you when you least expect it hehe

For me..as we go past ATH i will be careful with leverage because wicks can get deeper and higher

https://cointelegraph.com/news/1-89-billion-liquidated-why-did-bitcoin-and-eth-price-correct-sharply-overnight

when reading some twitter posts about solutions in keeping sanity in trading.....no mention of crypto mining hehe

BTC and ETH have recovered pretty nicely. That was a nice flash crash.

btcshiner

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Activity: 478

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Quote from: philipma1957 on February 15, 2021, 09:55:24 PM

Quote from: btcshiner on February 15, 2021, 09:43:18 PM

Quote from: Toughit on February 15, 2021, 07:09:17 PM

They do it as a bot beater they come and go really fast.

That makes sense. It would have been nice if they had limited it to like 5 per account. I saw a screen shot for an order of 20.

arielbit

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Quote from: arielbit on February 14, 2021, 10:20:18 PM

---snip---

then there are wicks that will finish you when you least expect it hehe

Learn to let go of oppurtunities instead of fomoing into liquidation.

A balance of patience fear/greed management helps.

Learn from mistakes, i mean learn thoroughly-watch the chart even after you lose money.

Anyway mining will keep you in touch with reality about how much/hard it is to earn 1 ETH.

For me..as we go past ATH i will be careful with leverage because wicks can get deeper and higher

https://cointelegraph.com/news/1-89-billion-liquidated-why-did-bitcoin-and-eth-price-correct-sharply-overnight

when reading some twitter posts about solutions in keeping sanity in trading.....no mention of crypto mining hehe

philipma1957

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Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: btcshiner on February 15, 2021, 09:43:18 PM

Quote from: Toughit on February 15, 2021, 07:09:17 PM

Went to amazon this afternoon looking for a 3080, and ended up with a 3060 for $389. Sold by amazon, in stock on 2/25. tried to add another, but it would not, so probably 1 per customer.

So... My current most up to date card was purchased in December 2017. (1080ti or Vega 64)

This should be interesting...

About 45mH is the consensus?

Nice. I missed that by about 10 minutes. None of the discords I am in posted it while it was live and I wasn't watching any twitter feeds sadly.

I don't think the link is live any more but I think the asin is B08WM28PVH and from the screen shots it was an EVGA one.

I grabbed a zotac 2060 last night on BH for $340 as a flip. eBay prices are insanely high for all gpus. It was a limit of 1 card and it went to discontinued after I got it. Will see if it ships.

Ordered a couple ribbon PCIE risers as I think I can squeeze an additional card on 2 of my rigs. I used to run 2 5700's in the rig I have my 3080 in but I don't want to heat it up so I am thinking I can use the riser to extend the new card out a bit and sell it come May or June when it's hot.

They do it as a bot beater they come and go really fast.

btcshiner

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Quote from: Toughit on February 15, 2021, 07:09:17 PM

Went to amazon this afternoon looking for a 3080, and ended up with a 3060 for $389. Sold by amazon, in stock on 2/25. tried to add another, but it would not, so probably 1 per customer.

So... My current most up to date card was purchased in December 2017. (1080ti or Vega 64)

This should be interesting...

About 45mH is the consensus?

Nice. I missed that by about 10 minutes. None of the discords I am in posted it while it was live and I wasn't watching any twitter feeds sadly.

I don't think the link is live any more but I think the asin is B08WM28PVH and from the screen shots it was an EVGA one.

I grabbed a zotac 2060 last night on BH for $340 as a flip. eBay prices are insanely high for all gpus. It was a limit of 1 card and it went to discontinued after I got it. Will see if it ships.

Ordered a couple ribbon PCIE risers as I think I can squeeze an additional card on 2 of my rigs. I used to run 2 5700's in the rig I have my 3080 in but I don't want to heat it up so I am thinking I can use the riser to extend the new card out a bit and sell it come May or June when it's hot.

philipma1957

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'The right to privacy matters'

Quote from: Toughit on February 15, 2021, 09:05:58 PM

Interesting, when I go to the buy it again button, it says page not found, yet the order is there...

I get a 404 error

I suspected this is what happened.
I managed to do it with a powercolor 5700 and an xfx 5700

I grabbed them on dec 26th and had to wait till Jan 10 or so to get them.

I think there are tiny windows of time when this can be done exactly what you did and what I did.

So you scored bro. You will get an early 3060.

let us know how good it is when you get it.

Toughit

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Interesting, when I go to the buy it again button, it says page not found, yet the order is there...

I get a 404 error

philipma1957

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'The right to privacy matters'

maybe 52

you have a link for it?

Toughit

full member

Activity: 378

Merit: 197

Went to amazon this afternoon looking for a 3080, and ended up with a 3060 for $389. Sold by amazon, in stock on 2/25. tried to add another, but it would not, so probably 1 per customer.

So... My current most up to date card was purchased in December 2017. (1080ti or Vega 64)

This should be interesting...

About 45mH is the consensus?

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

No shuffle today.

Tomorrow I get a 3070 from newegg.

Next week I get a 3090 from. minefarmbuy.com

The 3rd of march I get the omens.

eth is still over 12 cent an mh at viabtc.

ltc is whaling at viabtc. 5 bucks for 2 l3+ and the doge money

I have 7.5gh l3+. it earns a ltc in in 6 days and 2000 doge in the same time. so. 220 + 120 = 340 usd in 6 days or 1700 in a month. stupid good money.

it burns 8100 kwatts or 405 in power net is 1300 a money on gear that was underwater losing 200 a month.

My order for the omen rig was declined they told me the limit is 2 per account. This was the third one on the account.

generalt

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If I wasn't too lazy to try to sell the machine I would jump on that HP Omen deal as well. But I'm also close to my capacity with my rigs. I'd either have to build a new rig or start selling off some of the older AMD 480 cards. If I could easily get 4 or 5 RTX 3000 series cards I would do it but the whole one card a week struggle makes it a challenge.

philipma1957

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Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: generalt on February 15, 2021, 12:33:24 PM

Quote from: philipma1957 on February 15, 2021, 10:26:14 AM

Quote from: fr4nkthetank on February 15, 2021, 09:04:39 AM

when that happens, people will rush out of liquidity pools on defi, etc to sell their coin. there is 40 billion locked in defi apparently. So how high can ETH fees get in the stampede >

but who knows when honestly. stick to the mining plan all will be well whatever happens.

Yeah just add cards slow but sure.

I have

1x 3090 coming
1x 3070 coming

5 omen rigs with 1x 3070 in each these are not all for me.

and hoping for a Newegg Shuffle to hit today.

I was wondering if they were going to have a shuffle today on a US holiday.

No sign of the shuffle as of right now.

I am kind of cash flush with the doge score. I am debating if I should buy 1 more omen rig.
I grabbed it.

OMEN 30L Desktop GT13-0255st
HP OMEN 30L DESKTOP PC
MISC HEVC MEDIA EXTENSION HP
WARR 1/1/0 US
20C1 Cycle AV
NVIDIA® GeForce RTX™ 3070 (8 GB GDDR6 dedicated)
WD Black 512 GB PCIe® NVMe™ M.2 SSD
BU RCTO OMN DoradoOC Z490
No Secondary storage
No Third storage
No Fourth Storage
HP black wired keyboard with volume control and wired optical mouse kit
McAfee Livesafe (30 day)
HyperX® 8 GB DDR4-3200 XMP SDRAM (1 x 8 GB)
Front Bezel Shadow Black Glass, Dark Chrome Logo+ Side Cover Glass with Cooler Master 750 W Platinum efficiency power supply
Realtek Wi-Fi 5 (2x2) and Bluetooth® 5 combo, MU-MIMO supported
Office Trial
Windows 10 Home CORE
OSLOC US
No Optane
Intel® Core™ i5-10600K W/RGB Liquid cooling (4.1 GHz up to 4.8 GHz, 12 MB L3 cache, 6 cores)
CKIT HP CTO OMEN 1C20 US
No RAID

the upgrades are bolded

the 10% off coupon is 10Gamer2021

https://store.hp.com/us/en/pdp/omen-30l-desktop-gt13-0255st-1a226av-1?

I get more discounts so I pay

1400 - 56 = 1344 after taxes are added

For most buyers
this would come to 1376.99 + tax

but it is better than the Alienware deal that sold out fast on the 11th or 12th.

the cpu here is the 10600k water cooled that was better than the Alienware
the ssd is a wd black nvme.2 512 gb that was better than the Alienware

generalt

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Quote from: philipma1957 on February 15, 2021, 10:26:14 AM

Quote from: fr4nkthetank on February 15, 2021, 09:04:39 AM

when that happens, people will rush out of liquidity pools on defi, etc to sell their coin. there is 40 billion locked in defi apparently. So how high can ETH fees get in the stampede >

but who knows when honestly. stick to the mining plan all will be well whatever happens.

Yeah just add cards slow but sure.

I have

1x 3090 coming
1x 3070 coming

5 omen rigs with 1x 3070 in each these are not all for me.

and hoping for a Newegg Shuffle to hit today.

I was wondering if they were going to have a shuffle today on a US holiday.

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: fr4nkthetank on February 15, 2021, 09:04:39 AM

when that happens, people will rush out of liquidity pools on defi, etc to sell their coin. there is 40 billion locked in defi apparently. So how high can ETH fees get in the stampede >

but who knows when honestly. stick to the mining plan all will be well whatever happens.

Yeah just add cards slow but sure.

I have

1x 3090 coming
1x 3070 coming

5 omen rigs with 1x 3070 in each these are not all for me.

and hoping for a Newegg Shuffle to hit today.

menoiazei

member

Activity: 368

Merit: 24

Quote from: philipma1957 on February 15, 2021, 08:36:02 AM

Quote from: jasta more on February 15, 2021, 08:09:19 AM

Quote from: adaseb on February 14, 2021, 06:00:30 PM

This might be a little off topic but any of you guys taking advantage of the premium on the future derivative markets? Basically the June futures for ETH and BTC there is a 10% premium.

So if you got any type of fiat whether it’s USD, tether, USDC, etc you can buy on spot and at the same time sell on the futures and wait 4.5 months and get 10% for doing nothing pretty much.

Never seen the premium so high before, usually it’s 1% a month but you got Feb futures which expire in 10 days with a. 3% premium or far off futures like the Sept/Dec at 15/20% respectively. Seems that there is so much demand that the market makers are running out of funds to arb these markets. Open interest is thru the roof at 17B currently.

margin for profits is small and getting smaller there,people are already borrowing on one exchange and lend those funds on another that gives higher % on funds.Most of it is done by bots anyway and by whales

and that means a crash is on the way.

the way I understand it serious fiat currency crash is on the way due to inflation usd and euro in circulation also worldwide COVID situation
that's why this crypto frenzy bull run never seen before, very curious to see how all this will play..

fr4nkthetank

legendary

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Now the money is free, and so the people will be

when that happens, people will rush out of liquidity pools on defi, etc to sell their coin. there is 40 billion locked in defi apparently. So how high can ETH fees get in the stampede >

but who knows when honestly. stick to the mining plan all will be well whatever happens.

philipma1957

legendary

Activity: 4326

Merit: 8899

'The right to privacy matters'

Quote from: jasta more on February 15, 2021, 08:09:19 AM

Quote from: adaseb on February 14, 2021, 06:00:30 PM

This might be a little off topic but any of you guys taking advantage of the premium on the future derivative markets? Basically the June futures for ETH and BTC there is a 10% premium.

So if you got any type of fiat whether it’s USD, tether, USDC, etc you can buy on spot and at the same time sell on the futures and wait 4.5 months and get 10% for doing nothing pretty much.

Never seen the premium so high before, usually it’s 1% a month but you got Feb futures which expire in 10 days with a. 3% premium or far off futures like the Sept/Dec at 15/20% respectively. Seems that there is so much demand that the market makers are running out of funds to arb these markets. Open interest is thru the roof at 17B currently.

margin for profits is small and getting smaller there,people are already borrowing on one exchange and lend those funds on another that gives higher % on funds.Most of it is done by bots anyway and by whales

and that means a crash is on the way.

Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 52. (Read 66416 times)